Sunday, July 22, 2012

SEN. DIANNE FEINSTEIN and HUSBAND RICHARD BLUM - THE BONNY and CLYDE of CORRUPT CRONY CAPITALISM

SEN. DIANNE FEINSTEIN AND HUSBAND RICHARD BLUM ARE THE MOST CORRUPT POLITICIANS IN AMERICAN HISTORY.

WHEN IT COMES TO CRONY CAPITALISM, THEY ARE THE BONNY AND CLYDE OF RIPPPING OFF THE TAX PAYERS FROM DEALS FEINSTEIN AND BOXER PUSH THROUGHT THE CORRUPT HOUSE OF WHORES, THE U.S. SENATE!

FEINSTEIN IS A MAJOR DONOR TO BARACK OBAMA!



Feinstein’s pimp, RICHARD C BLUM (google that criminal) pays out campaign bribes to CLINTON, KERRY, KENNEDY, BOXER and of course the other BUSH WAR HAWK, JOE LIEBERMAN!March 1, 2003 The Democrats' Daddy Warbucks Feinstein family war profits, part II Sen. Dianne Feinstein's husband, Richard Blum, could well be called the Democrats' Daddy Warbucks. He's scored bundles from war contracts. He has recently purchased a $16.5 million crib in San Francisco and along with his wife has handed hundreds of thousands of dollars over to fellow Democrats. Since the 2000 election cycle, Blum has contributed over $75,000 to the Democratic Senatorial Committee, and thousands more to individual Democrats, including John Kerry, Robert Byrd, Joe Lieberman, Ted Kennedy, and Barbara Boxer. Richard Blum's history as an entrepreneur began at the ripe age of 23 when he began to work for the San Francisco brokerage firm Sutro & Company. Blum quickly climbed the ranks and became a partner by the age of 30. According the San Francisco Chronicle, "Blum proved that he had an eye for fixer-upper properties when he led a partnership that acquired the struggling Ringling Bros. and Barnum & Bailey Circus for $8 million – then sold it to Mattel Inc. four years later for $40 million." In 1975, Blum went out on his own and formed a brokerage agency. Today, Blum's lofty firm, Blum Capital, holds positions in more than 20 companies, including real estate giants, credit bureaus, and yes, even military contractors. Blum sees himself as an altruistic capitalist, claims one of his ex-employees: "He likes to go after companies that are down and out, and bring their stock back to life. He thinks he's doing good." Blum shares a large stake in Perini, a civil construction company that is happily employed in Iraq and Afghanistan. But not all of Blum's war profits come from Perini. In 1975, his venture capital firm went after fledging construction and design company URS when the business was about to be bought out by another corporation. Since then, Blum has increased his stock in URS, capitalizing on its recent military contracts. Unlike Blum's dabbling with Barnum & Bailey, his current profits aren't so safe for child consumption. Here are the basics to date: Blum currently holds over 111,000 shares of stock in URS Corporation, which is now one of the top defense contractors in the United States. Blum is an acting director of URS, which bought EG&G, a leading provider of technical services and management to the U.S. military, from The Carlyle Group in 2002. Carlyle's trusty advisers, past and present, include former President George H.W. Bush, James Baker, and ex-SEC Commissioner Arthur Levitt, among other prominent neoconservatives and Washington power brokers. URS and Blum have since banked on the Iraq war, scoring a phat $600 million contract through EG&G. As a result, URS has seen its stock price more than triple since the war began in March 2003. Blum has cashed in over $2 million on this venture alone and another $100 million for his investment firm. "As part of EG&G's sale price," reports the San Francisco Chronicle, "Carlyle acquired a 21.74 percent stake in URS – second only to the 23.7 percent of shares controlled by Blum Capital." The Carlyle Group has long been accused of exploiting its political connections to turn a profit. And if Carlyle can come under the microscope for its government ties and war profiteering, as it did in Michael Moore's Fahrenheit 9/11, than surely Blum's URS ought to be subject to the same scrutiny. Owen Blicksilver, Blum's spokesman, claims his boss and Sen. Feinstein have never talked shop at home in their gated mansion: "Mr. Blum and Sen. Feinstein have never had any discussions about outsourcing, government contracts, or URS." If this were a Republican senator's spouse scoring bundles off the spoils of war and passing it along to fellow Republicans, the liberals would be up in arms. But since Dianne Feinstein is a leading Democrat, mum's the word. Partisanship trumps ethics. The Byrne Report Hawk Tale By Peter Byrne ON JAN. 18, California senator Dianne Feinstein introduced Dr. Condoleezza Rice at a Senate nomination hearing for Secretary of State in terms so saccharine that molasses seemed to ooze out of her mouth. She was a precocious child, Feinstein purred. She has skill, judgment and poise. She loves football. Bush loves her. "The problems we face abroad are complex and sizable. If Dr. Rice's past performance is any indication, though, we can rest easy." That very same day, Feinstein's husband, Richard Blum, took advantage of a spike in the price of his URS Corporation stock. He sold a third of his holdings in the defense contractor for $57 million, according to filings with the U.S. Securities and Exchange Commission. With Rice confirmed, the business of death and occupation looks rosy as hell for Feinstein, who--let's get real--benefits tremendously from sharing community property with Blum. URS' largest customer is the U.S. Army, which accounted for 17 percent ($587 million) of its cash revenue in 2004. In 2001, URS enjoyed a mere $169 million in defense contracts. Now, its war contracts total more than $2 billion. According to its annual report, the San FranciscoƐbased URS anticipates that profits will rocket up in 2005, because "operations in the Middle East are expected to generate increased work related to the development of weapons systems, the training of military pilots and the maintenance, upgrade and repair of military vehicles." Provided, of course, that our hawkish leadership remains as poised and lovable as the new Secretary of State. Feinstein, who sits on the Defense Appropriations Subcommittee, is an advocate of first-strike warfare, even though it flouts international law and the standards of common decency. Interestingly, her Financial Disclosure Report for 2003 was more than three times the size of her 2002 disclosure (Feinstein's 2003 disclosure numbers 133 pages, compared to Sen. Barbara Boxer's six-page report). The Feinstein-Blum portfolio is crammed with multimillion dollar investments in the military-industrial-financial complex and corporations that heavily exploit Third World peoples. The senator has a lot to lose should the neoconservative war machine falter. Hubby holds a controlling interest in another engineering firm, Perini Corporation of Framingham, Mass. Perini ranks No. 6 by dollar amount in war-related government contracts in the Middle East. According to its annual report, "Perini proudly supports the U.S. government with global rapid response capabilities for defense, reconstruction and security." Perini builds military facilities and roads in Afghanistan, electrical infrastructure in Iraq and U.S. embassies around the world. After the Senate, Feinstein included, approved Bush's war plans in 2002, Perini's defense contract awards soared from negligible to $2.52 billion. But, as with many of the sole-source, open-ended contracts awarded to politically connected firms, there are problems with accountability. Last summer, Department of Defense auditors determined that Perini could not adequately justify its costs in Iraq as fair and reasonable. That's government-speak for: They're gouging the #!$% out of us. Perini is heavily engaged in military and municipal public works projects inside the United States; at least two are also under investigation for contract fraud. For example, the city of San Francisco has sued general contractor Perini--which was in a joint venture with the Tutor-Saliba construction firm--for $100 million in cost overruns at a San Francisco International Airport project. The lawsuit alleges that the joint venture engaged in "a sophisticated pattern of fraud," including inflating costs, fabricating delays and setting up minority front companies to exploit affirmative-action preferences. The attorney general of Massachusetts is looking into alleged false claims made by a Perini joint venture in the "Big Dig" urban highway construction boondoggle in Boston. Ron Tutor, owner of Tutor-Saliba and CEO of Perini, bought into the latter company, along with Blum, as it teetered on the edge of solvency in the mid- 1990s due to a bad real estate investment. It rebounded, thanks to the firm's sudden ability to obtain lucrative U.S. military and government contracts, which, of course, had nothing to do with the fact that Blum's powerful wife has her hands on the military's purse strings. Remarkably, Perini grossed $1.37 billion in 2003, up 27 percent from the previous year, before the U.S. invasion and occupation of Iraq. Perini attributes its rocketing profits to "increased volume of work in Iraq and Afghanistan." As a risk factor, the firm notes that continued demand for its military services depends upon "the political situation in Iraq," which, logically, means that it desires the bloody war and useless occupation to continue indefinitely--a wish that hawktails with the foreign policy positions of Bush, Rice, Rumsfeld and Feinstein. I almost forgot: Perini Corp. is the nation's most active builder of Indian-fronted casinos. That explains a few things about Sen. Feinstein and the politics of gambling, soon to be revealed in greater detail in this space.



(Note the financing of the war profits machine, in bed with the BUSH FAMILY WAR PROFITS MACHINE OF CARLYLE GROUP, is by Wells Fargo. Feinstein has long been in bed with big bankers. Wells has given her piles of campaign bribes over the years. She in turns pushes their OPEN BORDERS plan for millions of illegals. Wells and Bank of America are major La Raza donors. Feinstein was also the push behind the Banker’s Bankruptcy bill. What you will not find Feinstein ever doing is standing up to BANKING CRIMES, including illegally opening the bank accounts of illegals, or Mexican drug dealers. But then Feinstein never does anything that doesn’t put a dollar in her vast pocket.)
URS to acquire Washington Group for $2.6 billion
By MarketWatch
Last Update: 6:48 PM ET May 28, 2007
SAN FRANCISCO (MarketWatch) -- URS Corp., an engineering company, will acquire Washington Group International Inc. in a cash and stock transaction valued at about $2.6 billion, the companies said Monday.
common stock for each Washington Group share, the companies said. Based on the closing price of URS stock on Friday, the deal price is valued at $80 per Washington Group share, and represents a premium of about 14%. URS stockholders will retain their shares after the deal closes, and Washington Group stockholders will own approximately 31% of the combined construction and engineering company, to be called URS Corporation, the companies said. The companies' combined 2006 revenues would have been $7.6 billion, which would have made it the fourth-highest among publicly-traded U.S. engineering and construction companies, they said. Based on their previously issued forecasts, they project combined 2007 revenues of about $8.6 billion. ------------Wells Fargo -----------and Morgan Stanley are committed to providing debt financing to URS for the cash portion of the deal, which is not conditioned on financing and is expected to close in the second half of 2007. After the transaction, URS is expected to have about $1.5 billion in dent and a debt-to-capital ratio of about 37%. The deal is subject to approval of the merger agreement by Washington Group shareholders, the approval of URS shareholders' approval of issuance of shares for the transaction, as well as regulatory conditions. Martin M. Koffel will remain CEO of the combined company, the announcement said.


GOOGLE FEINSTEIN and HUSBAND WHITE COLLAR CRIMINAL RICHARD BLUM WITH WAR PROFITEERS FENSTEIN’S MANY MANSIONS RED CHINA MEDICAID PILLAGE LA RAZA DONORS AND MAJOR DI DONORS WELLS FARGO, AND BANK OF AMERICA PHONEY TAX SUPPORTED COMPUTER SCHOOL..... RICHARD BLUM BUYS BOARD OF REGENTS FOR $75 TO GRAY DAVIS and gets his dirty hands on REGENTS contractsWHERE THERE’S A DEAL TO BE HAD IN THE BACK ROOM, THERE’S OUR OLD WHORE AND HER PIMP




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